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Side-by-side financial comparison of Bank First Corp (BFC) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
Twin Hospitality Group Inc. is the larger business by last-quarter revenue ($82.3M vs $44.9M, roughly 1.8× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -29.7%, a 75.5% gap on every dollar of revenue. Bank First Corp produced more free cash flow last quarter ($51.0M vs $-7.4M).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
BFC vs TWNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $82.3M |
| Net Profit | $18.4M | $-24.5M |
| Gross Margin | — | — |
| Operating Margin | 51.0% | -16.2% |
| Net Margin | 45.8% | -29.7% |
| Revenue YoY | 12.1% | — |
| Net Profit YoY | 4.8% | — |
| EPS (diluted) | $1.87 | $-0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.9M | — | ||
| Q3 25 | $44.2M | $82.3M | ||
| Q2 25 | $41.6M | $87.8M | ||
| Q1 25 | $43.1M | $87.1M | ||
| Q4 24 | $40.1M | — | ||
| Q3 24 | $40.8M | — | ||
| Q2 24 | $38.9M | — | ||
| Q1 24 | $37.7M | — |
| Q4 25 | $18.4M | — | ||
| Q3 25 | $18.0M | $-24.5M | ||
| Q2 25 | $16.9M | $-20.8M | ||
| Q1 25 | $18.2M | $-12.1M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $16.6M | — | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $15.4M | — |
| Q4 25 | 51.0% | — | ||
| Q3 25 | 50.8% | -16.2% | ||
| Q2 25 | 49.7% | -13.2% | ||
| Q1 25 | 51.3% | -1.2% | ||
| Q4 24 | 54.4% | — | ||
| Q3 24 | 50.7% | — | ||
| Q2 24 | 51.0% | — | ||
| Q1 24 | 45.6% | — |
| Q4 25 | 45.8% | — | ||
| Q3 25 | 40.7% | -29.7% | ||
| Q2 25 | 40.5% | -23.7% | ||
| Q1 25 | 42.3% | -13.9% | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 40.6% | — | ||
| Q2 24 | 41.3% | — | ||
| Q1 24 | 40.8% | — |
| Q4 25 | $1.87 | — | ||
| Q3 25 | $1.83 | $-0.43 | ||
| Q2 25 | $1.71 | $-0.38 | ||
| Q1 25 | $1.82 | $-0.26 | ||
| Q4 24 | $1.75 | — | ||
| Q3 24 | $1.65 | — | ||
| Q2 24 | $1.59 | — | ||
| Q1 24 | $1.51 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $243.2M | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | $643.8M | $-92.1M |
| Total Assets | $4.5B | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | — | ||
| Q3 25 | $126.2M | — | ||
| Q2 25 | $120.3M | — | ||
| Q1 25 | $300.9M | — | ||
| Q4 24 | $261.3M | — | ||
| Q3 24 | $204.4M | — | ||
| Q2 24 | $99.0M | — | ||
| Q1 24 | $83.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $643.8M | — | ||
| Q3 25 | $628.1M | $-92.1M | ||
| Q2 25 | $612.3M | $-78.6M | ||
| Q1 25 | $648.4M | $-101.9M | ||
| Q4 24 | $639.7M | — | ||
| Q3 24 | $628.9M | — | ||
| Q2 24 | $614.6M | — | ||
| Q1 24 | $609.3M | — |
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.4B | $516.8M | ||
| Q2 25 | $4.4B | $535.1M | ||
| Q1 25 | $4.5B | $544.2M | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.1B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $62.5M | $-5.9M |
| Free Cash FlowOCF − Capex | $51.0M | $-7.4M |
| FCF MarginFCF / Revenue | 113.6% | -9.0% |
| Capex IntensityCapex / Revenue | 25.5% | 1.9% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | — | ||
| Q3 25 | $15.5M | $-5.9M | ||
| Q2 25 | $11.9M | $-8.8M | ||
| Q1 25 | $6.2M | $-5.7M | ||
| Q4 24 | $65.8M | — | ||
| Q3 24 | $18.8M | — | ||
| Q2 24 | $14.9M | — | ||
| Q1 24 | $1.3M | — |
| Q4 25 | $51.0M | — | ||
| Q3 25 | $12.5M | $-7.4M | ||
| Q2 25 | $8.2M | $-10.6M | ||
| Q1 25 | $4.0M | $-9.7M | ||
| Q4 24 | $58.6M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $551.0K | — |
| Q4 25 | 113.6% | — | ||
| Q3 25 | 28.2% | -9.0% | ||
| Q2 25 | 19.8% | -12.1% | ||
| Q1 25 | 9.3% | -11.2% | ||
| Q4 24 | 146.3% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 25.5% | — | ||
| Q3 25 | 6.7% | 1.9% | ||
| Q2 25 | 8.7% | 2.1% | ||
| Q1 25 | 5.0% | 4.6% | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 3.75× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.93× | — | ||
| Q1 24 | 0.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
